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<h1>Excise Duty Exemptions Issued for Paint and Varnish Products under Central Excise Rules, 1944; Notification No. 125/86-C.E.</h1> The Central Government, under the authority of the Central Excise Rules, 1944, issued Notification No. 125/86-C.E. on March 1, 1986, granting exemptions on excise duty for certain paint and varnish products. These exemptions apply to goods classified under specific sub-headings of the Central Excise Tariff Act, 1985. The notification specifies reduced excise duty rates ranging from 15% to 30% ad valorem for various sub-headings, effectively lowering the duty payable on these products as per the rates detailed in the annexed table.